| March 2013 |
Top Exports From Minneapolis
Total Exports From Minneapolis: $631,087,269| Rank | Commodity | Total YTD Exports |
|---|---|---|
| 1 | Medical instruments for surgeons, dentists, vets | $127,601,402 |
| 2 | Electronic integrated circuits | $104,711,034 |
| 3 | Aircraft | $79,867,674 |
| 4 | Orthopedic appliances, artificial body parts | $40,444,115 |
| 5 | Misc. medical chemical re-agents | $18,239,502 |
| 6 | Coal, briquettes | $16,782,014 |
| 7 | Computers | $15,469,202 |
| 8 | Amplifiers, speakers, microphones | $14,646,670 |
| 9 | Landline, cellular phone equipment | $13,835,129 |
| 10 | Misc. human glands, heparin | $12,138,851 |
Top Imports To Minneapolis
Total Imports To Minneapolis: $3,887,095,864| Rank | Commodity | Total YTD |
|---|---|---|
| 1 | Oil | $1,922,443,613 |
| 2 | Motor vehicle parts | $89,440,796 |
| 3 | Imports of returned exports | $58,498,166 |
| 4 | Internal combustion piston engines, including airc | $55,679,211 |
| 5 | Furniture, parts | $41,755,927 |
| 6 | Pumps for dispensing liquids | $39,636,427 |
| 7 | Harvesting machinery for poultry | $39,418,803 |
| 8 | Internal combustion engines, including aircraft | $38,675,251 |
| 9 | Medical instruments for surgeons, dentists, vets | $38,450,856 |
| 10 | Orthopedic appliances, artificial body parts | $38,333,949 |
| March 2013 |
Top Minneapolis Trading Partners
Total Minneapolis trade: $4,518,183,133| Rank | Country | Total YTD |
|---|---|---|
| 1 | CANADA | $2,074,650,047 |
| 2 | CHINA | $787,858,334 |
| 3 | JAPAN | $211,029,600 |
| 4 | GERMANY | $183,184,622 |
| 5 | NETHERLANDS | $128,550,686 |
| 6 | FRANCE | $125,537,234 |
| 7 | TAIWAN | $123,408,134 |
| 8 | PHILIPPINES | $111,355,160 |
| 9 | UNITED KINGDOM | $102,248,288 |
| 10 | ITALY | $81,481,190 |
Top US Trading Partners
Total U.S. trade for all countries: $919,560,909,009| Rank | Commodity | Total YTD Exports |
|---|---|---|
| 1 | CANADA | $154,229,781,187 |
| 2 | CHINA | $125,331,233,626 |
| 3 | MEXICO | $120,297,325,224 |
| 4 | JAPAN | $50,070,697,561 |
| 5 | GERMANY | $37,936,556,982 |
| 6 | SOUTH KOREA | $25,435,797,164 |
| 7 | UNITED KINGDOM | $24,776,181,741 |
| 8 | FRANCE | $17,448,501,187 |
| 9 | BRAZIL | $16,436,596,270 |
| 10 | SAUDI ARABIA | $15,342,397,281 |
Minneapolis’s trade decreases -8.53 percent through March
Minneapolis’s trade with the world rose to $4,518,183,133 through the first three months of 2013, according to a WorldCity analysis of the latest U.S. Census Bureau data. That’s -8.53 percent decreases the Customs district’s total trade during the same time period last year. The district’s exports increased 8.16 percent while imports dropped -10.76 percent.
Through March the district’s top trade partners were No. 1 Canada, No. 2 China, No. 3 Japan, No. 4 Germany and No. 5 Netherlands. Through the first three months of the last year, top five spots were held by Canada, China, Japan, Germany and Netherlands, respectively.
Taking a closer look at the leading trade partners with Minneapolis:
- No.1 Canada’s trade fell -19.08 percent to $2,074,650,047.
Exports rose 29.93 percent to $111,457,314. Imports fell -20.78 percent to $1,963,192,733. - No.2 China’s trade rose 3.44 percent to $787,858,334.
Exports fell -26.37 percent to $11,120,557. Imports rose 4.05 percent to $776,737,777. - No.3 Japan’s trade fell -20.07 percent to $211,029,600.
Exports fell -18.00 percent to $68,285,710. Imports fell -21.02 percent to $142,743,890. - No.4 Germany’s trade fell -0.66 percent to $183,184,622.
Exports fell -19.03 percent to $12,068,984. Imports rose 0.96 percent to $171,115,638. - No.5 Netherlands’s trade rose 1.99 percent to $128,550,686.
Exports rose 28.64 percent to $118,208,826. Imports fell -69.73 percent to $10,341,860.
Minneapolis’s top five trading partners through March accounted for 74.93 percent of its trade with the world. The U.S. average for the same period was 53.05 percent.
Minneapolis had trade surpluses with 38 countries and deficits with 85 through March. That compares with 36 surpluses and 92 deficits for the same period one year earlier. The top three surpluses through March of this year were with Netherlands, $107,866,966; Philippines, $100,712,780; and Belgium, $52,365,744. The top three deficits were with Canada ($1,851,735,419), China ($765,617,220) and Germany ($159,046,654).
Meanwhile, total U.S. trade decreased to $919,560,909,009, down -1.59 percent compared to the same period last year. The nation’s exports climbed 0.19 percent to $1,773,047,307 as imports dropped -1.78 percent to $-16,591,316,281. The nation’s top five trade districts so far this year, by value, are Los Angeles, New York City, Detroit, Laredo and New Orleans. The overall trade deficit climbed $-152,899,878,555, down compared to the same period of last year when the deficit was $-171,264,242,143.
Minneapolis’s top five exports by value through March were medical instruments for surgeons, dentists, vets; electronic integrated circuits; aircraft; orthopedic appliances, artificial body parts; and misc. medical chemical re-agents, in that order. Those accounted for 58.77 percent of its total outbound trade. The value of the district’s top five imports, , , and and , accounted for 0.00 percent of all inbound shipments.
Looking more closely at Minneapolis exports:
- Medical instruments for surgeons, dentists, vets rose 41.42 percent compared to last year to $127,601,402.
- Electronic integrated circuits fell -2.38 percent compared to last year to $104,711,034.
- Aircraft rose 170.13 percent compared to last year to $79,867,674.
- Orthopedic appliances, artificial body parts rose 29.88 percent compared to last year to $40,444,115.
- Misc. medical chemical re-agents rose 2.60 percent compared to last year to $18,239,502.
On the import side:
- fell compared to last year to $0. The total for the comparable period in 2012 was $0 so a percentage cannot be calculated.
- fell compared to last year to $0. The total for the comparable period in 2012 was $0 so a percentage cannot be calculated.
- fell compared to last year to $0. The total for the comparable period in 2012 was $0 so a percentage cannot be calculated.
- fell compared to last year to $0. The total for the comparable period in 2012 was $0 so a percentage cannot be calculated.
- fell compared to last year to $0. The total for the comparable period in 2012 was $0 so a percentage cannot be calculated.
Last year the Minneapolis district posted total trade with the world of $19,845,364,489. The district’s deficit was $-14,234,510,129. At year end, the region’s top five partners were Canada, China, Japan, Germany and Taiwan. Exports totaled $2,805,427,180 and imports came to $17,039,937,309.